India Yogurt
Market is forecast to grow at the double-digit CAGR of 15.93% in the forecast
period till FY2026 due to growing presence of online delivery companies such as
Big Basket, Grofers and Amazon in India as these companies are offering various
products in the fresh dairy segment and offering two hours and one day delivery
options at the selected cities in India, driving the growth of the India yogurt
market through FY2026. At the same time
companies operating in the Indian Yogurt Market are enhancing their product
portfolio and offering various local and international flavors in order to
cater to the growing demand for yogurt, especially from the urban Indian
consumers. All the above-mentioned factors are expected to propel the growth in
the Indian Yogurt Market in the forecast period. Furthermore, the increasing demand
for yogurt types such as low fat, fat free, non-dairy based and organic is
increasingly growing among the Indian consumers, and this will act as catalyst
in the growth of the India Yogurt Market in the forecast period through 2026.
India Yogurt Market on the
basis of form is segmented into conventional yogurt, set yogurt, greek yogurt,
frozen yogurt, yogurt drinks and others. In the base year FY2020, conventional
yogurt held the largest market share among all the other segments due to low
cost and availability on multiple platforms.
On the basis of fat content,
India Yogurt Market is divided into regular, low fat and fat free yogurt types.
In the base year FY2020, regular type yogurt held the largest market share in
the India Yogurt Market because of its affordable price and easy availability.
However, low fat and fat free yogurt segments are getting extremely popular
among the consumers in India due to their proven health benefits. Companies
operating in the yogurt segment are highly focusing on providing yogurt with claims
such as low fat or fat free, which is further pushing the sales of
the products. Currently, only a few companies are providing products in
these segments but looking at the increasing demand from consumers, other
companies would like to focus on enhancing their product portfolio in the
forecast period.
India Yogurt Market on the
regional segmentation is divided into North, East, South, and West. In the base
year FY2020, North region recorded the largest market share in the India Yogurt
Market due to its large population base, higher GDP and enhanced reach among
distributors and retailers.
Some of the leading
companies in the India Yogurt Market include Nestlé
India Limited, Gujarat Co-operative Milk Marketing Federation Limited, Mother
Dairy Fruit & Vegetable Private Limited, Drums Food International Private
Limited, Britannia Industries Limited, Cocoberry Retail Pvt. Ltd., Heritage
Novandie Foods Private Limited, Red Mango FC, LLC., and Parag Milk Foods
Limited, among others.
Years
considered for this report:
Historical Years: FY2016-FY2019
Base Year: FY2020
Estimated Year: FY2021
Forecast
Period: FY2022-FY2026
Objective of the Study:
- To analyze historical growth in market size of
India Yogurt Market from FY2016 to FY2020.
- To estimate and forecast the market size of India Yogurt Market
from FY2021 to FY2026 and growth rate until FY2026.
- To classify and forecast India Yogurt Market
based on type, fat content, form, packaging type, distribution channels,
regional distribution.
·
To
define, classify and forecast India Yogurt Market on the basis of segment (Non-Flavored
and Flavored)
·
To
scrutinize the detailed market segmentation and forecast the market size
segmenting India Yogurt Market into four regions namely north, south, east, and
west.
·
To
identify tailwinds and headwinds for India Yogurt Market.
·
To
get an idea about the consumers’ behavior towards brand awareness, sources of
information and factors influencing purchase decision.
·
To
examine competitive developments such as
expansions, new product launches, supply contracts and mergers and acquisitions
in the India Yogurt Market.
·
To
evaluate competitive pricing,
average market selling prices and trends in the India Yogurt Market.
·
To
strategically profile the leading players, which are involved in the supply of yogurt
products in India.
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TechSci Research performed primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of yogurt producers and suppliers in India. TechSci Research conducted
primary research surveys with the identified companies. While interviewing, the
respondents were also enquired about their competitors. Through this technique,
TechSci Research was able to include producers that could not be identified due
to the limitations of secondary research. TechSci Research analyzed product
offerings, end use sectors, and regional presence of all major yogurt suppliers
across the country.
TechSci
Research calculated the market size for India Yogurt Market using a bottom-up
approach, wherein producers’ value sales data for different types of yogurt such
as (non-flavored and flavored), was recorded and subsequently forecast for the
future years. TechSci Research sourced these values from industry experts and
company representatives and externally them validated through analyzing historical sales data of respective manufacturers to arrive
at the overall market size. Various secondary sources such as company annual
reports, white papers, investor presentations and financial reports were also
studied by TechSci Research.
Key Target Audience:
- Yogurt
producers, suppliers, and
other stakeholders in India
- Associations,
organizations, and alliances related to dairy industry.
- Government
bodies such as regulating authorities and policy makers.
- Market
research and consulting firms
The study is useful in providing answers to several
critical questions that are important for industry stakeholders such as yogurt producers, distributors, suppliers, and policy makers to understand which market segments should be targeted over the coming years in order
to strategize investments and capitalize on growth of the market.
Report Scope:
In this report, India Yogurt Market has
been segmented into following categories, in addition to the industry trends
which have also been detailed below:
- India
Yogurt Market, By Type:
- India
Yogurt Market, By Fat Content:
- India
Yogurt Market, By Form:
- Conventional
Yogurt
- Set
Yogurt
- Greek
Yogurt
- Frozen
Yogurt
- Yogurt
Drinks
- Others
- India
Yogurt Market, By Packaging:
- Pouches
- Tetra
Packs
- Plastic
Bottles
- Others
- India
Yogurt Market, By Distribution Channel:
- Convenience
Stores
- Independent
Small Grocers
- Supermarket/Hypermarket
- Online
- India
Yogurt Market, By Region:
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies present in the India Yogurt Market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Channel Partner Analysis
- Detailed
list of distributors and dealers across the country.
Company Information
- Detailed
analysis and profiling of additional market players (up to five).
Product Information
Detailed analysis of new
products in the market and their driving forces in the market
In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com